Sunday 12 January 2014

The Undercover Economist

First of all, I would like to apologise to those of you who were wanting the next instalment of 'The Undercover Economist' chapter by chapter series. This apology comes because I became so ingrossed in the book that I read it in the next sitting. However, today I am going to review the entire book, and give you my final read or no read verdict.

      The Undercover Economist attempts and succeeds in making the subject of economics accessible to the masses, by explaining rather complex matters in but a couple of chapters. However, when reading The Undercover Economist, I found the first few chapters a bit hard to 'get into' and to be honest, slightly dull and basic, but this might just be me cocky and thinking I know everything. Yet once you get past the basics of supply and demand, you are quickly whisked away into a bubble of easy to understand, acutually difficult economics, without even realising it by using anecdotes left, right and centre to ease concepts into your brain. An example of this is Game Theory, which is in reality a very hard, very large branch of economics, yet Harford is somehow able to feed it to you in such a way that is neither tedious nor boring, but still leaves you wanting to find out more, from what was an impecable introduction of the basics of Game Theory.

      Overall The Undercover Economist is to any budding new economists a must read, explorer many new concepts, which will give you a strong grounding to begin your economics journey.

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